Wednesday, March 4th4.8°C
25405
22746

The Source expands as Best Buy shrinks

The Source electronics retail chain plans to open 20 new locations this year across Canada, continuing an expansion that added dozens of stores last year.

Most of the more than 700 locations operated across Canada by The Source are much smaller than the big-box stores operated by U.S. retailers.

The Source's expansion announcement follows the sudden closure of 15 Canadian big-box stores owned by electronics retailer Best Buy, throwing about 900 people out of work with little or no warning.

Many of the stores doing business as The Source are former Radio Shack stores.

The name was changed after U.S.-based Circuit City acquired the Canadian operations.

Circuit City later declared bankruptcy and closed all its U.S. locations but the Canadian business survived and was acquired by Montreal-based BCE Inc. to complement its Bell products and services.

The Canadian Press


Read more Business News

24947


Recent Trending




Today's Market
S&P TSX15082.84-51.01
S&P CDNX698.09-4.21
DJIA18096.90-106.47
Nasdaq4967.142-12.76
S&P 5002098.53-9.25
CDN Dollar0.8049+0.0043
Gold1198.00-6.00
Oil53.31+0.81
Lumber289.30-5.10
Natural Gas2.775+0.063

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.010.00
QHR Technologies Inc1.55-0.05
Cantex0.035-0.005
Anavex Life Sciences0.18+0.005
Metalex Ventures0.04-0.005
Russel Metals24.95-0.26
Copper Mountain Mining1.24-0.01
Colorado Resources0.13-0.005
ReliaBrand Inc0.0065-0.0015
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.225+0.01

 



25103

FEATURED Property
2162608#217 1329 KLO Road
2 bedrooms 2 baths
$169,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...

_








Member of BC Press Council


24681